ChromaDex Corp. (CDXC)

[bulldurham]

Glanbia, the international nutritional solutions and cheese group, has acquired Aseptic Solutions, a US beverage manufacturer and co packer, for $60 million (Eur50 million). The acquisition is funded through Glanbia’s existing banking facilities.
ASI was founded in 2004 and is a manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% natural fruit juices. The business operates from a state-of-the-art facility in Corona, California and employs 175 people.
The acquisition of ASI is aligned with Glanbia’s nutritionals growth strategy and will strengthen Glanbia Nutritional Ingredient Technologies by expanding its end-to-end solutions capability as an ingredients supplier, formulator and end product manufacturer. Aseptic Solutions capability is focused on key high growth trends in nutritional markets for sustainable, natural foods with nutrient integrity. The acquisition enhances the Glanbia portfolio by complementing and enhancing existing ingredient solution capabilities.